Underfloor Heating Actuator Market Size By Product (Thermal, Motoric), By Application (Residential, Commercial, Industrial) Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Jan 2021  |  Report ID: GMI4913  |  Authors: Ankit Gupta, Nikhil Paranjape

Report Format: PDF   |   Pages: 220   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Underfloor Heating Actuator Market size exceeded USD 240 million in 2020 and the annual installation is set to exceed 27 million units by 2027. Shifting consumer focus toward energy conservation, growing demand for space heating in extreme climatic conditions in various geographies along with advantages of modern heating equipment is set to fuel the product penetration.
 

Underfloor Heating Actuator Market

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Significant economic transformation on account of rapid commercialization and industrialization will positively influence the underfloor heating actuator industry size. Comfort and cost efficiency equivalent with other heat sources along with minimum design considerations are the prominent features making its adoption preferable over available alternatives. Additionally, internal urban migration by the rural population to further improve on the living standards will enhance the industry outlook, thereby affecting the demand for actuators.
 

Introduction of strict government mandates toward adoption of energy efficient heating devices, growing inclination toward clean energy sources coupled with increasing investments toward development & refurbishment of new & existing building infrastructure will influence the demand for underfloor heating. Moreover, introduction of advanced underfloor heating systems is anticipated to accelerate the replacement rates of the traditional systems owing to substantial energy & heat loss and higher costs.
 

The COVID-19 pandemic may impact the overall production of electrical equipment on account of numerous restrictions imposed in countries, thereby limiting business growth. Unexpected shutdown of various component manufacturing facilities in the developing countries owing to lower availability of workforce, supply chain disruptions, along with minimum on-site operations is anticipated to result in a decline in the product installation. However, with gradual upliftment of lockdown and restart of commercial activities, the key players are developing strategies to respond to the existing crisis which will positively impact the industry landscape.
 

Underfloor Heating Actuator Market Report Coverage
Report Coverage Details
Base Year: 2020 Market Size in 2020: 242.8 Million (USD)
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2027
Forecast Period 2021 to 2027 CAGR: 4.4% 2027 Value Projection: 27.5 Million Units
Pages: 220 Tables, Charts & Figures: 401
Geographies covered (5): North America, Europe, Asia Pacific, Middle East & Africa, LATAM
Segments covered: Product, Application
Companies covered (13): Danfoss, Uponor Corporation, Eberle Controls, Honeywell International, Möhlenhoff GmbH, Polypipe, Heat miser, Siemens, Schlüter-Systems Ltd, Warmup, Hunt Heating, Oventrop
Growth Drivers:
  • Introduction of energy efficient standards
  • Extreme climatic conditions
  • Increasing standard of living
  • Rising urbanization & commercialization
  • Increasing demand for space heating
Pitfalls & Challenges:
  • High cost of retrofitting in existing buildings

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New product developments and increasing investments have influenced the underfloor heating actuator market share.

Introduction of active measures by the government authorities toward the adoption of energy efficient & sustainable heating solutions is set to drive the product demand. Rising installation of low-emission heating systems to curb the GHG emissions will augment the industry landscape. For instance, introduction of directives by the European Union (EU) including the Energy Performance of Buildings Directive (EPBD) supports to regulate that all the new buildings need to be zero emission buildings by 2020.
 

Rising investments toward Research, Design and Development (R, D&D) activities will influence the underfloor heating actuator market forecast. Growing adoption of modern & advanced technologies across the smart cities coupled with rising number of green building construction projects will further complement the business dynamics. Moreover, intelligent features comprising superior control accuracy, feedback channel and valve path accuracy coupled with easy assembly and attractive designs will augment the adoption of actuators.
 

Growing population coupled with ease of operation & low system costs are anticipated to stimulate the residential underfloor heating actuator market statistics.

The residential segment of the market was valued at over USD 140 million in 2020. Ongoing smart city development programs combined with ease of installation across new facilities is projected to influence the market trends. The systems evenly distribute heat, enables cost-saving and low-power consumption along with its capability to work at moderate temperatures will strengthen the business landscape, thereby driving the demand for actuators. Further, they can provide zoned heating with the support of smart thermostats and Wi-Fi, enabling nearly 15% savings in the heating bills. Easy scalability across different floor types coupled with safe operations are some of the prominent factors which will further augment the industry outlook.
 

Stringent government norms to shift to energy efficient systems will strengthen the thermal underfloor heating market outlook.

India underfloor heating actuator market by product

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Thermal underfloor heating actuator market is anticipated to surpass USD 100 Million by 2027. The actuators allow electronic room temperature control, thereby simplifying the pre-setup process of the system. Shifting focus of the key industry players to adhere to the existing standards for heating units is set to drive the product adoption. Furthermore, evolving trends of manufacturers focused specifically on product differentiation are set to strengthen the market share.
 

Shifting trend toward premium and comfort heating solutions will influence the commercial underfloor heating actuator industry forecast.

Ongoing commercial infrastructure development primarily across the developing economies along with growing adoption across various establishments including offices, restaurants, hotels, and leisure centers among others will drive the commercial segment of the market. Growing expansion of commercial establishments along with significant cost savings in long run will fuel the industry statistics. Increasing demand from off grid markets coupled with greater deployment across properties comprising saunas and spas will further accelerate the market share, thereby driving the demand for actuators.
 

Europe and Asia Pacific are anticipated to witness growth at the fastest rate owing to stringent emission regulations.

UK underfloor heating actuator market by application

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Europe contributes more than 60% of the revenue share in 2020 and is anticipated to dominate the industry in the forecast timeline. Strict carbon emission standards & building regulations owing to ongoing government mandates to shift to energy efficient heating equipment will propel the underfloor heating actuator market outlook.
 

In Asia Pacific, China accounts for over 70% of the market share in 2019. Increasing investments toward green building projects along with shifting focus toward smart city construction programs & initiatives across various countries will result in enhanced construction of large number of commercial and residential establishments. The underfloor heating systems can easily be installed across new facilities which will propel the product adoption. Substantial reduction in upfront cost and installation time coupled with optimized heating will accelerate the industry landscape, thereby driving the demand for actuators.
 

Various business expansion initiatives comprising mergers & acquisitions undertaken by the market players to influence the product installation.

New product design and development by the manufacturers to reduce the overall system costs will strengthen the market. For instance, in January 2020, Eberle Controls launched its new powerful actuator TS ultra. The product is equipped with a readable display, has a larger stroke, faster speed and gives high performance. Additionally, inorganic joint ventures with the leading technology provider is anticipated to augment the industry landscape. For instance, in July 2020, Siemens AG launched SSA actuators for small valve, expanding the Acvatix valve and actuator line.
 

The industry players operational in the underfloor heating actuator market include Danfoss, ABB Limited, Siemens, Möhlenhoff, Eberle Controls, Uponor Corporation, Honeywell International, Schlüter-Systems and Heatmiser, among others.
 

Underfloor heating actuator market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD” and “Units” from 2017 to 2027, for the following segments:
 

By Product

  • Thermal
  • Motoric

By Application

  • Residential
  • Commercial
  • Industrial

The above information has been provided for the following regions and country:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Spain
    • Austria
    • Belgium
    • Denmark
    • Finland
    • Norway
    • Sweden
    • UK
    • Italy
    • Russia
    • Poland
    • Czech Republic
    • Switzerland
    • Netherland
  • Asia Pacific
    • China
    • Japan
    • Australia
    • India
    • South Korea
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
  • Latin America
    • Brazil
    • Mexico
       

Frequently Asked Questions (FAQ) :

Global market for underfloor heating actuator surpassed USD 240 million in 2020 and the annual installation is poised to cross 27 million units by 2027.
China led the Asia Pacific market with over 70% share in 2019 due to a growing demand for smart city initiatives and zero emission buildings.
The Europe industry for underfloor heating actuator captured over 60% of the total share owing to stringent building regulations and carbon emission standards.
Residential underfloor heating actuator industry revenue exceeded USD 140 million in 2020 on the account of surging smart city development programs and the ease of operations and low system costs.

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Premium Report Details

  • Published Date: Jan 2021
  • Pages: 220
  • Tables: 375
  • Charts / Figures: 26
  • Companies covered: 13
  • Countries covered: 5

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